Section 2: The High Council for Financial Stability

The High Council for Financial Stability is composed of eight members: 1° The Minister for the Economy, Chairman ; 2° The Governor of the Banque de France, Chairman of the Autorité de contrôle prudentiel et de résolution, assisted by the Vice-Chairman of this authority; 3° The Chairman of the Autorité des marchés financiers; 4° The Chairman of the Autorité des normes comptables; 5° Three qualified persons appointed, for a period…

Without prejudice to the respective powers of the institutions that its members represent, the Haut Conseil de stabilité financière supervises the financial system as a whole, with the aim of preserving its stability and its ability to make a sustainable contribution to economic growth. In this capacity, it defines macroprudential policy and carries out the following tasks: 1° It ensures cooperation and the exchange of information between the institutions that…

In order to carry out the tasks defined in Article L. 631-2-1, the Haut Conseil de stabilité financière may interview representatives of credit institutions, finance companies, investment firms, portfolio management companies, insurance companies, mutual insurers and provident institutions, as well as any other person it deems appropriate. To this end, these persons may provide it with information covered by professional secrecy. The High Council for Financial Stability draws up an…

I. – The persons referred to in 5° of Article L. 631-2 must inform the Chairman of the Financial Stability Board: 1° The interests they held during the two years preceding their appointment, that they hold or that they may come to hold; 2° any functions in a social, economic or financial activity that they have exercised or may exercise in the two years preceding their appointment; and 3° any…